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India's Satyam Computers seals pact with Yahoo for consulting services
BANGALORE, India (AFP) May 19, 2003
India's fourth largest software exporter, Satyam, said Monday it has signed a pact with Internet giant Yahoo to provide it with consulting and professional services.

Satyam Computer Services Ltd. said its consultants would work with Yahoo to implement e-business solutions for telecommunications, manufacturing and financial services.

As part of the deal Satyam and Yahoo would also engage in "co-marketing activities" in the enterprise solutions segment.

"We can offer our clients a comprehensive and standards-based portal and collaboration platform that connects their enterprise systems to support new and efficient business initiatives," said G.B. Prabhat, Satyam's director, Consulting and Enterprise Solutions.

Satyam development centres in India, the United States, Europe, Japan and Singapore serve 260 global companies, including 60 Fortune 500 corporations.

Last month Yahoo swung into profit, reporting first quarter earnings of 46.7 million dollars compared with a 53.6 million dollar loss a year earlier.

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